Publication 535 (2007), Business Expenses

Health insurance, deduction for self-employed, Self-Employed Health Insurance Deduction
Heating equipment, Heating equipment.
Help (see Tax help)

I

Impairment-related expenses, Impairment-related expenses.

Improvements, Improvements

Improvements:

By lessee, Improvements by Lessee
For disabled and elderly, Barrier Removal Costs

Income taxes, Income Taxes

Incorrect amount of amortization deducted, Incorrect Amount of Amortization Deducted

Insurance:

Capitalized premiums, Capitalized Premiums
Deductible premiums, Deductible Premiums
Nondeductible premiums, Nondeductible Premiums
Self-employed individuals, Self-Employed Health Insurance Deduction

Intangible drilling costs, Intangible Drilling Costs

Intangibles, amortization, Section 197 Intangibles

Interest:

Allocation of, Allocation of Interest
Below-market, Below-Market Loans
Business expense for, Interest
Capitalized, Capitalized interest., Capitalization of Interest
Carrying charge, Carrying Charges
Deductible, Interest You Can Deduct
Forgone, Below-Market Loans
Life insurance policies, Interest on loans with respect to life insurance policies.
Not deductible, Interest You Cannot Deduct
Refunds of, Refunds of interest.
When to deduct, When To Deduct Interest

Internet-related expenses, Internet-related expenses.

Interview expenses, Interview expense allowances.

K

Key person, Who is a key person?
Kickbacks, Bribes and kickbacks.

L

Leases:

Canceling, Canceling a lease.
Cost of acquiring, Getting a Lease
Cost of getting, Cost of Getting a Lease
Improvements by lessee, Improvements by Lessee
Leveraged, Leveraged leases.
Mineral, Bonuses and advanced royalties.
Oil and gas, Bonuses and advanced royalties.
Sales distinguished, Lease or purchase.
Taxes on, Taxes on Leased Property

Legal and professional fees, Legal and professional fees.

Licenses, Section 197 Intangibles Defined, Government-granted license, permit, etc., Licenses and regulatory fees.

Life insurance coverage, Life insurance coverage.

Limit on deductions, Not-for-Profit Activities

Line of credit, Line of credit (continuous borrowings).

Loans or Advances, Loans or Advances

Loans:

Below-market interest rate, Below-Market Loans
Discounted, Discounted loan.
Origination fees, Points.

Lobbying expenses, Lobbying expenses.

Long-term care insurance, Qualified long-term care insurance.

Losses:, Limits on losses., Not-for-Profit Activities

At-risk limits, At-risk limits.
Net operating, Net operating loss.
Passive activities, Passive activities.

M

Machinery parts, Machinery parts.

Meals, Reimbursement of Travel, Meals, and Entertainment

Meals and entertainment, Meals and Entertainment

Meals and lodging, Meals and lodging.

Medical expenses, Impairment-related expenses.

Methods of accounting, When Can I Deduct an Expense?

Mining:

Depletion, Mines and Geothermal Deposits
Development costs, Development Costs
Exploration costs, Exploration Costs

More information (see Tax help)

Mortgage, Mortgage., Expenses paid to obtain a mortgage.

Moving expenses, machinery, Moving machinery.

N

Natural gas, Natural Gas Wells
Nonqualifying intangibles, Assets That Are Not Section 197 Intangibles
Not-for-profit activities, Not-for-Profit Activities

O

Office in home, Business use of your home.

Oil and gas wells:

Depletion, Oil and Gas Wells
Drilling costs, Intangible Drilling Costs
Partnerships, Partnerships and S Corporations
S corporations, Partnerships and S Corporations

Optional write-off method:

Circulation costs, Optional Write-off of Certain Tax Preferences
Experimental costs, Optional Write-off of Certain Tax Preferences
Intangible drilling and development costs, Optional Write-off of Certain Tax Preferences
Mining exploration and development costs, Optional Write-off of Certain Tax Preferences
Research costs, Optional Write-off of Certain Tax Preferences

Organization costs:

Corporate, Organizational Costs
Partnership, Costs of Organizing a Partnership

Organizational costs, Business Start-Up and Organizational Costs

Original issue discount, Original issue discount (OID).

Outplacement services, Outplacement services.

P

Passive activities, Passive activities.

Payments in kind, Payments in kind.

Penalties:, Prepayment penalty.

Deductible, Penalties and fines.
Nondeductible, Penalties and fines.
Prepayment, Prepayment penalty.

Per diem and car allowances:, Per Diem and Car Allowances

Percentage depletion, Percentage Depletion

Personal property tax, Personal property tax.

Points, Points.

Political contributions, Political contributions.

Pollution control facilities, Pollution Control Facilities

Prepaid expense, Prepayment.

Prepaid expense:

Extends useful life, Prepayment.
Interest, Prepaid interest., Prepaid interest.
Rent, Rent paid in advance.

Prepayment penalty, Prepayment penalty.

Presumption of profit, Not-for-Profit Activities

Publications (see Tax help)

R

Real estate taxes, Real Estate Taxes

Recapture:

Exploration expenses, Recapture of exploration expenses.
Timber property, Recapture.

Recovery of amount deducted, Recovery of amount deducted (tax benefit rule).

Refiners who cannot claim percentage depletion, Refiners who cannot claim percentage depletion.

Reforestation costs, Reforestation Costs, Reforestation Costs

Regulatory fees, Licenses and regulatory fees.

Reimbursements, Reimbursements

Reimbursements:

Business expenses, Reimbursements for Business Expenses
Mileage, Per Diem and Car Allowances
Nonaccountable plan, Nonaccountable Plans
Per diem, Per Diem and Car Allowances

Related persons:

Anti-churning rules, Related person.
Coal or iron ore, Disposal to related person.
Payments to, Related person., Related person.
Refiners, Related person.
Rent expense, Related persons.
Unreasonable rent, Unreasonable rent.

Removal:, Retired Asset Removal Costs, Barrier Removal Costs

Rent expense, capitalizing, Capitalizing Rent Expenses

Repairs, Repairs.

Repayments (claim of right), Repayments.

Research costs, Research and Experimental Costs, Research and Experimental Costs

S

Sales taxes, Sales tax.
Section 179 expense deduction (see Cost recovery)
Self-employed health insurance deduction, Self-Employed Health Insurance Deduction
Self-insurance, reserve for, Nondeductible Premiums
Sick pay, Sick and Vacation Pay
Standard meal allowance, Standard meal allowance.
Standard mileage rate, Per Diem and Car Allowances
Standby charges, Commitment fees or standby charges.
Start-up costs, Business Start-Up and Organizational Costs, Business Start-Up Costs
Subscriptions, Club dues and membership fees., Subscriptions.
Suggestions for publication, Comments and suggestions.
Supplies and materials, Supplies and materials.

T

Tax help, How To Get Tax Help

Tax preparation fees, Tax preparation fees.

Taxes:, Taxes on Leased Property

Carrying charge, Carrying Charges
Employment, Employment Taxes
Excise, Excise taxes.
Franchise, Franchise taxes.
Fuel, Fuel taxes.
Income, Income Taxes
Leased property, Taxes on Leased Property
Personal property, Personal property tax.
Real estate, Real Estate Taxes
Sales, Sales tax.
Unemployment fund, Unemployment fund taxes.

Taxpayer Advocate, Contacting your Taxpayer Advocate.

Telephone, Telephone.

Timber, Reforestation Costs, Timber

Tools, Tools.

Trademark, trade name, Franchise, trademark, or trade name., Franchise, trademark, trade name.

Travel, Reimbursement of Travel, Meals, and Entertainment

TTY/TDD information, How To Get Tax Help

U

Unemployment fund taxes, Unemployment fund taxes.
Unpaid expenses, related person, Related person.
Utilities, Utilities.

V

Vacation pay, Sick and Vacation Pay

W

Wages:

Property, Property
Tests for deducting pay, Tests for Deducting Pay

Welfare benefit funds, Welfare benefit funds.

Index

A

B

C

D

E

F

G

H

I

K

L

M

N

O

P

R

S

T

U

V

W